July / August Issue
EDITION

VIEW ONLINE
SUBSCRIBE

Register with PP

Newsletter, Jobs & Event Alerts

Latest

  • Couples finances not a matter for discussion

    4 July 2018

    Couples are not discussing their finances, with a quarter (24%) of couples never having discussed retirement income plans with their other half, according to new research by Prudential. The findings from Prudential’s annual research into the retirement aspirations and financial planning of UK couples aged 40 and over, showed that one in 14 (7%) say...

    READ ARTICLE
  • Thesis publishes report on mitigating risks in decumulation

    3 July 2018

    Thesis Asset Management has launched a new decumulation report, designed to help financial advisers understand the different factors that need to be considered during retirement planning. The paper, Decumulation – the usual suspects: Sequencing risk and other unhelpful side effects provides advisers with information on the current decumulation market, as well as factors to take...

    READ ARTICLE
  • Supreme Court ruling on civil partnership will affect inheritance and tax rights

    3 July 2018

    The Supreme Court has ruled that a heterosexual couple can enter a civil partnership, offering legal and financial protection for both parties and a host of benefits including inheritance, tax, pensions and next-of-kin arrangements. Rachael Griffin, tax and financial planning expert, Old Mutual Wealth, said: “The future of civil partnerships has been swung wide...

    READ ARTICLE
  • Default decumulation option inconsistent with freedom and choice reforms, says DWP

    3 July 2018

    The pensions industry has welcomed the government’s decision to reject a proposal to introduce a default decumulation pathway at retirement. In April, The Work and Pensions Committee published a report in which it recommended that every pension provider offering drawdown be required by FCA rules to offer a default decumulation option. However, in its...

    READ ARTICLE
  • Put yourself first – think about your retirement earlier, over 45s urged

    2 July 2018

    New research has found that 62 is the age at which Britons finally start to enjoy their wealth and concentrate on their own future. So should they be meaner and start thinking about themselves earlier? The findings by pension advice specialist Portafina also revealed that the top five aspirations of those aged 45 and above...

    READ ARTICLE
  • Voluntary code of conduct proposed for pensions advice

    2 July 2018

    The Personal Finance Society has formed a new Pensions Advice Taskforce, designed to provide a voluntary code of conduct for the pensions advice industry, in the wake of the British Steel Pension Scheme scenario. The PFS said its main focus was upon sharing good practice and providing a code of conduct that “gives clear...

    READ ARTICLE
  • How and where adviser firms are using multi-asset strategies

    2 July 2018

    Multi-asset strategies are proving the most popular retirement strategy, with advisers placing 40.7% of retiring clients’ assets into them, according to new research by Aegon. For wealthier retiree investors with savings of more than £200,000, multi-asset remains the top strategy, albeit with a slightly lower than average amount being placed (31.6%). Aegon said for...

    READ ARTICLE
  • New life expectancy report service targets DB pension transfers recommendations 

    1 July 2018

    MorganAsh has launched a new life expectancy report to help financial advisers when making recommendations on defined benefit (DB) pension transfers. It follows the FCA’s recent requirement that advisers recommending on DB transfers plan for a client to live a “reasonable” period beyond average life expectancy. According to the health and underwriting services firm,...

    READ ARTICLE